afrimat looking to acquire more industrial minerals assets Solenis is the New Name for Ashland Water Technologies Name change coincides with acquisition …
05-08-2021· Afrimat unpacks how its recent acquisitions are settling in. JSE-listed midtier miner Afrimat on August 5, during an investor day, outlined its expectations on when its latest acquisitions …
Afrimat Limited is an open pit mining company that supplies materials and contracting services to the industrial minerals, building, construction, road building, railroad and mining sectors The Company operates through two s egments: Mining & Aggregates/Minerals, and Concrete Based Products The Mining & Aggregates/Minerals segment is engaged.
31-10-2019· BL PREMIUM. JSE-listed building materials and industrial minerals group Afrimat has managed to weather anaemic conditions in SA's construction sector, having …
AFRIMAT said this acquisition was the first step in the company's expansion and diversification strategy into the industrial minerals sector AFRIMAT also initiated an empowerment transaction during the year which ensured that it complied with the Mining Charter requirement of 26% black ownership It assisted its black employees to acquire 16 Get price
27-05-2021· Afrimat Limited is a leading black empowered open pit mining company that recently increased its interests in the mining field by purchasing a manganese mine. Andries van Heerden, the CEO of Afrimat, joined the BizNews Power Hour to discuss Afrimat's latest acquisition and detailed the sequence of events that made Afrimat the success story that it is today.
afrimat looking to acquire more industrial minerals assets Mineral industry of Africa Wikipedia Minerals and mineral fuels accounted for more than 50% of the export earnings of Mali (gold), Mauritania (iron ore), Mozambique (aluminum), Namibia (diamond, uranium, gold, and zinc), and Zambia (copper and cobalt).
17-03-2020· Elsewhere, Afrimat is looking at an opportunity to acquire additional iron ore assets in Northern Cape. This will significantly increase the company's capacity in the iron ore business, allowing Afrimat to be a serious junior miner in South Africa. Looking ahead, Van Heerden is very optimistic.
27-05-2020· Industrial minerals constitute the mining of a variety of minerals ... "We are looking to acquire more iron ore deposits in the area around the Demaneng project in order to bolster the life of mine to beyond 20 years. ... Return on Assets. Same story as ROE and ROIC. Afrimat by a landslide.
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06-07-2021· Looking at current acquisitions, we believe that the future within the Bulk commodities segment is an attractive business case. If we look at where Afrimat started and where they are today, we commend the management team for their sound investment decisions and strong commitment to building a well-diversified and profit-driven business.
28-05-2010· Afrimat looking to acquire more industrial minerals assets: LinkedIn; Instagram; Youtube; Twitter; Facebook; Real Economy News in Real Time
JSE-listed midtier miner Afrimat on August 5, during an investor day, outlined its expectations on w
13-05-2010· Afrimat on the hunt for more industrial mineral deposits: LinkedIn; Instagram; Youtube; Twitter; Facebook; Real Economy News in Real Time
Afrimat eyes even more acquisitions after emerging from Covid-19 Oct 29 2020 Challenge Air wants to seize Air Namibia& 39;s headquarters after the state carrier Afrimat is eyeing further acquisitions to bolster its industrial minerals ...
Industrial Minerals We use a 4 times EBITDA multiple to value this division. Afrimat has well-placed quarries close to market with high-grade material. However, reliance on large industrial customers (Arcelor Mittal South Africa) does pose a potential risk – AMSA accounts for approx. 12-15% of revenue in this division. Overall Valuation
24-06-2020· "We are looking at an opportunity to acquire additional iron ore assets in Northern Cape. This will significantly increase our reserves in the iron ore business." Staying true to its diversification culture, Afrimat is also in the process of expanding its bulk commodities footprint into the anthracite sector, which Van Heerden regards as "a very interesting business space".
Company Research - Sharetrackin. AFRIMAT today announced it will acquire CAPE LIME for R276m to augment its industrial minerals offering. CAPE LIME supplies a range of products, mostly to manufacturing industries producing chemicals, filler, glass, pain and food products.
21-05-2015· JSE-listed Afrimat has reported a 5.1% increase in revenue to R1.99-billion for the year ended February, while its profit after tax soared by 22.9% to R200-million. On Thursday the openpit mining and materials company advised that, as in the prior year, the group benefitted from the strong performance of its newer industrial minerals operations as well as an uptick in its traditional ...
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